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Answering your questions about Singapore Budget 2022
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You are now reading:
Answering your questions about Singapore Budget 2022
Singapore's Finance Minister Mr Lawrence Wong shared some key announcements in his Budget 2022 speech on 18 February 2022, themed 'Charting our new way forward together'. These measures are aimed at strengthening the country's social compact for a post-pandemic future.
UOB economist, Barnabas Gan said despite Singapore’s projected expansion, geopolitical tensions may pose downside risks to growth. He provided an overview of what SMEs need to be aware of this year—in particular, rising business and household costs are concerning. However, Barnabas remains largely optimistic about the support the government will provide.
Mr Suan Teck Kin, Head of Research, Global Economics and Markets Research, answers some questions about this year's Budget and offers tips on how you can cushion the impact of the impending tax changes.
Watch the video here: